The First Climate Change Trade War Breaks Out?
6th January 2012
Starting January 1, the European Union has begun imposing a requirement that all airlines landing in Europe must show that they have bought carbon emissions permits equal to the amount of carbon dioxide emitted by the aircraft. Airlines without the proper number of allowances would be fined up to $130 per ton of carbon dioxide emissions and could be barred from European airspace.
And what exactly is the nature of these ‘carbon emission permits’? How do they halt or reverse ‘climate change’? Or are they just a way for Eurocrats to wet their beaks by piggybacking on the latest Chicken Little trend?
January 6th, 2012 at 14:00
This is just another way for Eurocrats to confiscate money from businesses (because taxing businesses is free money!) and make themselves feel good about the latest “cause” all at the same time. It just doesn’t get any better than this for a Eurocrap.
January 6th, 2012 at 15:11
Don’t you know that the politicians in D.C. are watching to see how this goes over. If it floats, they’ll be slapping carbon tax on anything that moves.